Lebanon’s wedding season in full swing despite financial turmoil

The cost of weddings has increased more than sevenfold for couples opting to pay in Lebanese pounds. (Shutterstock)
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Updated 17 August 2021
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Lebanon’s wedding season in full swing despite financial turmoil

  • Many people were outraged by the Lebanese ruling class’ lack of empathy and sensitivity to people’s suffering
  • “Last year, there was not much work because of two factors: the pandemic and the Aug. 4 blast,” said a luxury wedding planning owner

BEIRUT: Last month, photos and videos of the luxurious wedding of the daughter of former Hezbollah MP Nawwar Al-Sahili circulated online, stirring bitterness and dismay among many on social media.
Many people were outraged by the Lebanese ruling class’ lack of empathy and sensitivity to the suffering of the people as Lebanon falters through its worst financial crisis in 150 years. But what many don’t know is that hundreds, possibly thousands of weddings have taken place since April, both modest and lavish, and the wedding season seems in full swing.

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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“Last year, there was not much work because of two factors: the pandemic and the Aug. 4 blast,” Tarek Ladiki Barbor, owner of luxury wedding planning company Oui Concept, told Arab News, referring to the explosion that destroyed much of the Port of Beirut, leaving 218 dead, 7,500 injured and 300,000 homeless.
Last year, he had 49 weddings planned and scheduled, but only 10 of them went ahead because of the aforementioned factors.
This year, however, his company has organized 66 weddings so far, a more than sixfold increase since last year.
“We also received many requests for indoor engagements and wedding dinners, but we actually don’t have the capacity for such events,” he said. Barbor’s company only handles weddings that cost a minimum of $15,000, and payment is preferred to be in US dollars.




Former Hezbollah MP Nawwar Al-Sahili walks his elegantly-dressed daughter through fireworks-laden walkways and striking strobe lights. Hundreds of weddings have taken place since April as wedding season seems in full swing. (Screenshot)

As for the cost of the weddings, it has increased more than sevenfold for couples opting to pay in Lebanese pounds. But for those willing to pay in dollars, the cost has actually decreased by more than 60 percent, according to Maguie Jaber, food and beverage manager at the Lancaster Hotel in Ramlit el Baida, Beirut.
“We used to charge $80-$90 per wedding guest before the crisis, when the Lebanese pound was pegged to the dollar at the rate of 1,500. Now we charge around $30 per guest. This decrease in dollar prices is also happening in all sectors because of the lira crisis,” Jaber said.
Indeed, since October 2019, the Lebanese lira has lost more than 90 percent of its value and now trades at more than 20,000 to the dollar on the black market.
Among those pushing ahead with lavish weddings amid this turmoil are Maureen Mahfouz and Frederic Bejjani, who were wed last week in Bekaa. The wedding, hosting 160 invitees, cost them close to $30,000 and, says Mahfouz, they were very happy with their special day.
“We realize we could have gone to a smaller, less expensive wedding venue but, well, we wanted a nice wedding,” he said. “We used a large chunk of our savings, and it was worth it.”
It should be noted that both Mahfouz and her husband work in the NGO sector, where they get paid in dollars.
However, wedding season in Lebanon may soon wane again, according to economist Bassel Al-Khatib.
An impending lockdown is likely because of the spread of the delta variant of coronavirus disease (COVID-19), he said.
A severe shortage of fuel will soon affect the hotel and tourism sectors, and therefore the wedding sector as well.
“I personally predict that we will go through another lockdown soon,” Al-Khatib said, “and that the economic crisis in Lebanon will only worsen because of the fuel shortage, whereby we will see fuel being sold in the black market.
This will cause restaurants, hotels and wedding venues to close.”
In the meantime, the party continues.

 


Diriyah Co. partners with Midad to develop Four Seasons hotel in Diriyah 

Updated 07 January 2026
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Diriyah Co. partners with Midad to develop Four Seasons hotel in Diriyah 

RIYADH: Saudi Arabia’s sovereign wealth fund-backed developer, Diriyah Co., has signed a joint development agreement with Midad Real Estate Investment and Development Co. to construct the Four Seasons Diriyah Hotel and private residences. 

The partnership will strengthen collaboration between the two companies through the development of the luxury Four Seasons Diriyah, which will feature 159 rooms, alongside private Four Seasons residences, spanning approximately 235,000 sq. meters within Diriyah’s master plan. 

The project’s total value is projected at SR3.1 billion (approximately $827 million), encompassing both land acquisition and construction expenses. 

Midad is one of the Kingdom’s leading real estate developers, expanding its portfolio of high-end projects and maintaining numerous strategic partnerships with prominent global brands, reinforcing its reputation as a trusted name in luxury residential and hospitality development across Saudi Arabia. 

This partnership marks the first major collaboration between Diriyah Co. and Midad, supporting Diriyah’s plans to develop 40 luxury hotels across its two main projects: the 14-sq.-km Diriyah Project and the 62-sq.-km Wadi Safar Project, a premium destination that blends lifestyle, culture, and entertainment. 

Commenting on the agreement, Minister of Tourism and Secretary-General of Diriyah Co., Ahmad Al-Khatib, said: “The Kingdom continues to set new standards in developing tourism destinations, with Diriyah at the forefront.” 

He added that such partnerships enhance the world-class experiences Saudi Arabia offers and strengthen the Kingdom’s position as a leading destination in this sector. 

Diriyah Co. CEO Jerry Inzerillo commented that the Four Seasons Diriyah Hotel and Residences will be one of the Kingdom’s largest luxury hotels. 

“We are proud to announce this joint development with Midad, one of Saudi Arabia’s top real estate developers. This agreement reflects our ongoing commitment to enabling Saudi partners to contribute to Diriyah’s transformative journey and confirms Midad’s confidence in the opportunities the project presents,” Inzerillo added. 

Midad CEO Abdelilah bin Mohammed Al-Aiban said: “This project is a pivotal milestone for our company, allowing us to bring the Four Seasons experience to one of the Kingdom’s most prominent heritage destinations.” 

He added: “We are excited to deliver a project that embodies design excellence, world-class service, and sustainable value, while contributing meaningfully to Saudi Arabia’s tourism, cultural, and economic ambitions.” 

The collaboration comes amid rapid progress on the SR236 billion Diriyah project, which has awarded construction contracts worth more than SR101.25 billion to date. 

Diriyah is expected to contribute approximately SR70 billion directly to the Kingdom’s gross domestic product, create more than 180,000 jobs, accommodate 100,000 residents, and host around 50 million annual visitors. 

The development will feature contemporary office spaces accommodating tens of thousands of professionals across technology, media, arts, and education, complemented by museums, retail destinations, a university, an opera house, and the Diriyah Arena.  

It will also offer a diverse selection of restaurants and cafes, alongside nearly 40 world-class resorts and hotels distributed across its two primary master plans.